Keppel DC Reit designates $110m price for fixed rate notes

The notes will mature on 17 May 2028.

Keppel DC Reit has assigned a price of $110m (€75m) to fixed rate notes, which will mature by 2028 and will be issued under its $2b multicurrency debt issuance programme, its manager bared.

The DBS Bank Limited was also appointed as the sole dealer and bookrunner for the issuance of notes, which will be done at an issue price of 100% of the principal amount in denominations of $146,925 (€100,000) or higher denominations of $1,469 (€1,000).

Keppel DC REIT will issue the notes on 17 May 2022 whilst the notes will be due on 17 May 2028, “unless previously redeemed or purchased and cancelled in accordance with the relevant terms and conditions of the notes.”

“The net proceeds from the issue of the Series 003 Notes (after deducting issue expenses) will be applied towards general corporate purposes including refinancing existing indebtedness of Keppel DC REIT and its subsidiaries,” said Keppel DC REIT Management, Keppel DC Reit’s manager, said in the company announcement.

$1 = €0.68

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